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Crypto Perpetuals Exchange DYdX Considering the Launch of More SubDAOs

DYdX, the decentralized platform known for its perpetual contracts, is now discussing the creation of more subDAOs to make the management of the ecosystem even more decentralized. A post from Fox Labs Digital, an Australian-based marketing agency, suggested divvying up oversight responsibilities to several smaller decentralized autonomous organizations (DAOs). The goal is to make dYdX “a fully decentralized version of the protocol,” according to a blog post. Moreover, according to a different governance post by the dYdX Foundation, an independent not-for-profit organization aimed at fostering decentralized governance.

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